On July 21st, gold prices across India see 24-carat gold at ₹10,015 per gram, 22-carat at ₹9,180 per gram, and 18-carat at ₹7,511 per gram.
Gold’s Enduring Appeal
Gold has long been considered a safe haven asset, especially during times of economic uncertainty. Its value tends to hold strong even when other investments fluctuate.
Many investors view gold as an excellent hedge against inflation. This means it can help protect your purchasing power as prices for goods and services rise over time.
Understanding Gold Carats
When you buy gold, you’ll often see it referred to by its carat. This measures the purity of the gold.
24-carat gold is the purest form, often used for coins and bars. 22-carat gold is commonly used for jewelry as it’s mixed with other metals to make it more durable. 18-carat gold is even stronger and suitable for intricate designs, containing a lower percentage of pure gold.
Today’s City-Wise Gold Rates
Delhi Gold Prices
In Delhi, 18-carat gold is priced at ₹7,524 per gram today, a slight increase from yesterday’s ₹7,515. For 22-carat gold, the price is ₹9,195 per gram, up from ₹9,185. Meanwhile, 24-carat gold is ₹10,030 per gram, rising from ₹10,019 yesterday.
Mumbai Gold Prices
Mumbai’s market sees 18-carat gold at ₹7,511 per gram, compared to ₹7,503 yesterday. 22-carat gold is ₹9,180 per gram, up from ₹9,170. Pure 24-carat gold is available for ₹10,015 per gram, a modest increase from ₹10,004.
Gold Rates in Southern Cities
Bangalore and Hyderabad show similar trends to Mumbai. In both cities, 18-carat gold is ₹7,511 per gram, 22-carat is ₹9,180 per gram, and 24-carat gold is ₹10,015 per gram.
Chennai’s prices are slightly different for some purities. 18-carat gold is ₹7,560 per gram, while 22-carat is ₹9,180 per gram. 24-carat gold in Chennai is also ₹10,015 per gram.
- 24-carat gold is currently ₹10,015 per gram across India.
- 22-carat gold is priced at ₹9,180 per gram, and 18-carat at ₹7,511 per gram (general Indian rates).
- Prices in major cities like Delhi, Mumbai, and Bangalore have shown slight increases compared to yesterday.
- Gold continues to be a crucial investment for many, offering a hedge against inflation.
Keeping an eye on daily gold rates is essential for both buyers and investors to make informed decisions in the dynamic market.
